e-RFx
SCDigest ran a commentary recently which spelled out five recommendations for improving your results for eSourcing.
Prioritize The Trinity Of Reliability, Quality And Price
Very true, eSourcing does not change what you would normally do when going through a sourcing exercise, it just enhances it. If you sense the loss of a critical milestones, recalibrate and [...]
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Supply and Demand Chain Exec has a fantastic article on eSourcing process integration, which is written by Andy Sealock of Pace Harmon. If you can get past the incredibly unfriendly user obstruction for printing and viewing the article on 7 different pages, you will be able to really get a ton of great information. [...]
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The Doctor, who runs Sourcing Innovation blog, is never short on heavy hitting analysis. I particularly like when he takes on topics in eSourcing (big surprise). Last week, he had an in depth breakdown of the core functionality that most think of for eSourcing -eRFx/eAuctions. Additionally, you will notice his theme of [...]
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e-RFx, likely one of the most common acronyms in the procurement, sourcing, and related literature, does not stand for anything in particular, as the X can be a placeholder for I, P, Q, or B which stand for Information, Proposal, Quote, or Bid (though the latter is primarily used in the public sector).
Some benefits of [...]
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As a follow up to my recent post on Good People First, Good Systems Second, I’m going to highlight a recent article in Supply and Demand Chain Executive: e-Sourcing Tools - Means to an End. This article points out that in addition to good people, you also need effective process definitions and process integration [...]
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Throughout these kinds of sourcing events, sourcing department people can be a big help to Legal by running interference with the service providers. Once Legal has identified the sourcing need and determined what service provider’s should be invited to participate in the event, the speed and efficiency of the sourcing event is a direct [...]
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Today’s theme is covering the aspects of how to make this type of project successful and and frictionless for all involved parties. Understand that it is your job – not legal’s- to be adaptive as far as process goes. The following rules are essential for project kick-off and administration:
Rule # 1 - You [...]
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For the next three days, I will be covering a concept that most companies do not even think about strategically sourcing or using an eSourcing tool to coordinate. These companies are potentially making VERY COSTLY mistakes. If you are ever going to really think about new ways to approach cost savings and will [...]
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Next week, I will be launching a 3 day series on the sourcing category of Legal e-Discovery. This is a very interesting area to develop strategy and focus for eSourcing, because of the benefits that we have seen very clearly to our clients.
The posts next week will systematically outline the process a company would [...]
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Monday, I detailed some concepts on how to improperly manage an RFP process. Today, I thought I would point people in the direction of how to issue an RFP that really manages itself. I think prospective bidders can see:
sand : check
ocean : check
power, water, airstrip : check
Let the bidding begin at $10 million [...]
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